---
schema_version: "secwatch.filing_event.v1"
accession: "0001760689-24-000019"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:36:29.436220+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Microvast Q1 revenue surges 73% to $81.4M; gross margin doubles to 21.2%

## Summary
- Revenue $81.4M (+73.2% YoY); gross margin 21.2% vs 10.3% in Q1 2023.
- Net loss $24.8M improved from $29.6M; non-GAAP adj. net loss $13.0M.
- Q2 revenue guidance $90-$98M (20-30% YoY growth); gross margin target 20-25%.
- Cash & equivalents $86.7M, down from $93.8M in Dec 2023; capex $10.2M vs $35.9M YoY.
- Record quarterly revenue driven by strong demand in commercial vehicle battery solutions.

## SEC filing metadata
- accession: 0001760689-24-000019
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000176068924000019/0001760689-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000176068924000019/mvst-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760689-24-000019
- JSON: https://secwatch.observer/filing/0001760689-24-000019.json
- Plain text: https://secwatch.observer/filing/0001760689-24-000019.txt

## Key facts
- Earnings Releases
  Microvast Holdings, Inc. reported the period ended March 31, 2024 results: revenue $81.4 million, net income Net loss of $24.8 million, EPS Net loss per share of $0.08. Guidance initiated.
  - Period: the period ended March 31, 2024
  - Revenue: $81.4 million
  - Net income: Net loss of $24.8 million
  - EPS: Net loss per share of $0.08
  - Guidance: initiated
  - Result: reported results
  source text: Chief Financial Officer --- EX-99.1 (EX-99.1) --- Microvast Reports First Quarter 2024 Financial Results • Record company Q1 revenue, increased 73.2% year over year to $81.4 million • Gross margin increased from 10.3% to 21.2%, a 10.9 percentage point improvement year over year STAFFORD, Texas, USA, May 9, 2024 — Microvast Holdings, Inc. (NASDAQ: MVST)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068924000019/0001760689-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.